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EV Charging Infrastructures in the UK is now reinvented via Blockchain

Zoltán Tűndik

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Photo source: pixabay.com
Reading Time: 2 minutes

 

As you may know, the United Kingdom is quite a large consumer when it comes to the infrastructure for public electric vehicle charging. It has been reported that recently has recently exceeded 6,000 locations, which is a lot if you count the fact that it is necessary for the EV driver to handle more than one solution to access different charging stations.

To every solution nowadays we will find news that a new company, via Blockchain of course, is reinventing the wheel. Such is the solution which is suppose to overcome this obstacle for EV drivers and it has been initiated by Share&Charge who invented a interoperability pilot with partners like Electric Blue, EVBox, EVDriver, Hubeleon, The Phoenix Works and Volkswagen Financial Services to test blockchain as a possible solution.

Given the situation that most of the driver have some decisive factors which they analyze during the search for a possible adoption of electric mobility, being able to charge electric vehicles easily and quickly whenever and wherever you want, could be a good argument.

This means that a seamless charging experience with unrestricted access and convenient payment solutions is essential for the technology’s success and it is clearly something to consider by many markets worldwide.

To make this work, the team at Share&Charge need to overcome the phenomenon of limited interoperability as well as cumbersome payment implementations, since each stakeholder is working on their own solution. This is also true for the United Kingdom.

Emerging blockchain technology offers a simple and easy-to-use solution that achieves interoperability when paying for electric vehicle charging and this idea might be crazy enough to work.

In a recent report, Dietrich Sümmermann, CEO of Share&Charge’s mother company MotionWerk GmbH explains: “We see great potential in this first trial and blockchain can be the crucial enabler. Therefore, we are now setting up a foundation as new entity to allow all parties to cooperate and jointly define blockchain based standards for the best of the end customer.

For those who don’t know, MotionWerk has been a blockchain spin-off of the innogy Innovation Hub whose vision it is to further support an open sourced decentralised future of energy which strongly converges with the Internet of Things, Blockchain, smart devices and e-mobility.

We look forward to the development of this world changing idea and promise to come back with more updates on the subject. Watch this space…

 

Greetings!!!


Thank you for reading my articles and engaging with the hand picked PICANTE News!


Here are a few things you should know about me!


After accumulating enough experience by launching and building a successful media and events organizer company in the gaming industry, the opportunity to also move into more verticals just came naturally.


I've started writting in 2009 and thanks to my webdesigner skills, managed to develop some recognized review portals in several industries.


In 2015, I have moved deeper into journalism and media by co-founding a B2B publishing and events organizing company which we run in parallel with PICANTE New. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.


In 2018 I've been invited to speak at a local TEDx event about Global Reputation Management in the Digital Era. You can view my talk on the following link on YouTube: https://www.youtube.com/watch?v=UVU9dOTiX7E


I have hunger for knowledge and always curious about what happens in tech and this is one of the reasons I've started writing and publishing news about several industries, such as AI, VR / AR, Blockhchain, Fintech. Came to realize there are many new things that are often overlooked in the busy media streams, thus would like to bring you some news about some of the newest releases and happenings.


But enough about me, I am sure you are interested in reading the news :)


You can find my articles and hand picked B2B news in the following categories:


BLOCKCHAIN, VIRTUAL REALITY (VR), AUGMENTED REALITY (AR), BANKING/FINANCIAL SERVICES, BLOCKCHAIN, COMPUTER ELECTRONICS, INNOVATIVE SOLUTIONS, ARTIFICIAL INTELLIGENCE, ADVERTISING, TRADE SHOW NEWS, and many more.



You can get in touch to discuss interviews or possible article submissions via e-mail on zoltan.tundik@picante.today or call our office number: 0040 731 394 220.


Let's also connect via social media! You can find me on LinkedIn.

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Automotive

Hyundai Card ∙ Commercial Tap IBM To Accelerate Digital Transformation

Vlad Poptamas

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Photo source: behance.net
Reading Time: 2 minutes

 

During IBM ThinkHyundai Card ∙Commercial (www.hyundaicard.com), financial services subsidiaries of Hyundai and Kia Motors, announced today they are working with IBM (NYSE: IBM) to advance their use of cloud-based AI and blockchain technology with the aim of improving the customer experience and expanding their financial services business globally.

The news was shared during IBM Think 2019, IBM’s annual conference focused on technology and business.

For the first time in the Korean finance industry, Hyundai Card has introduced an AI-based chatbot for customer service. Named ‘Hyundai Card Buddy,’ it engages with customers to answer common questions quickly; while freeing Hyundai professionals to handle more complex customer service needs. South Korea has some of the highest rates of Internet use than any other country in the world, so Hyundai Card Buddy is a natural way to improve clients’ digital experience. Hyundai Card Buddy has helped one million customers since it has launched.

The system continuously learns through interactions with users and by relying on natural language processing and machine learning technology from IBM Watson, Hyundai Card Buddy is able to understand hidden meaning, interpret client questions and provide answers and information to enhance the client experience and streamline customer service operations.

In addition, Hyundai Commercial, a corporate finance company that provides leasing and financial services for commercial vehicles and construction equipment, is collaborating with IBM to apply blockchain and modernize its business model. Using the open source Hyperledger Fabric to create a new supply chain financing ecosystem for Hyundai Commercial, the network is designed to reduce lead times and costs in financial transactions among dealers, distributors, and manufacturers. The network for commercial financing will provide participants with a single view of all transactions happening in the network while automating manual processes and enabling transaction data to be securely managed and shared more efficiently.

“It’s almost impossible to fully understand or memorize the benefits, limits, or conditions of a finance product. Customer services employees’ turnover rate and training cost is very high while the customers demand high quality service. So we introduced IBM Watson and it became a very powerful tool to help our employees and helped us to lower our employee turnover rate to less than 10%,” said Ted Chung, CEO of Hyundai Card ∙ Hyundai Capital ∙Hyundai Commercial.

“Korea enjoys a digital-first financial services industry in which the rapid adoption of technologies such as artificial intelligence, analytics, blockchain and cloud are improving the customer experience and helping expand into new opportunities. Working with IBM, Hyundai Card ∙ Hyundai Commercial has pioneered these new technologies and has been a strong innovator in the industry,” said Andrew Chang, General Manager, IBM Korea.

IBM is a world leader in AI software, services, and technology for business. IBM has deployed Watson solutions in thousands of engagements with clients across 20 industries and 80 countries.

Additionally, IBM is recognized as the leading enterprise blockchain provider and has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks.

 

SOURCE IBM

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Automotive

Letstrack CEO Named as India’s Inspirational Leader by WCRC

Vlad Poptamas

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Photo source: dailypost.in
Reading Time: 2 minutes

 

Takes Company to new heights with an exceptional growth rate

Letstrack, a market leader in real-time tracking systems has recently announced that its CEO & Founder – Vikram Kumar has been recognized as India’s Inspirational Leader (2018-2019) at the 3rd edition of Global Indian Excellence Summit, attended by the top business leaders and investors from Europe, America, and Asia in London.

The award program appreciates India’s Business Leadership and their contribution in strengthening the economy with stellar leadership. Vikram Kumar was selected for this award by an independent jury panel for excelling in business innovation, style of leadership, driving force and social responsibility behind his vision and philosophy.

“I am honored to receive such an influential title and award by WCRC. It belongs to Letstrack and the entire team which has always believed in me as well as my commitment to innovate and impact the GPS tracking marketplace and deliver the best to our customers,” Vikram said.

Vikram is the youngest entrepreneur among all other winners of the award including Mukesh Ambani – the Chairman of Reliance Jio Infocomm Ltd, Tapan Singhal – MD & CEO of Bajaj Allianz General Insurance, Chetan Kajaria – MD Kajaria and Schauna Chauhan – CEO of Parle Agro.

“This award is an important milestone in my entrepreneurial journey. I feel so humbled to have shared the stage and this award with such great business leaders, which is giving me happiness and also a pressure to perform better for Letstrack and the team associated,” he added.

Vikram founded Letstrack in 2017 and spearheads the business offerings and partnerships, making it Asia’s number 1 GPS tracking company. In addition to India’s Inspirational Leader award, Vikram has also joined the list of ’50 Fast Growing CEO’s of India – 2018′ by CEO magazine.

His sound professional background with a commitment to build a strong customer base has pushed the company to international boundaries and plans to expand it to 50 countries by 2020. Moreover, his clear vision in leading Letstrack has proved as an added advantage for the company’s brand value and phenomenal growth it has been witnessing.

Recently, Letstrack has also been awarded ‘The Extra Mile Award’ by the Amazon Connect for their outstanding performance in 2018.

Currently, Letstrack has more than 2 lakh users in India with a customer base increasing at 15% month on month. It has grown from 400% in 2017 to 600% in 2018 and also claims to become the fastest downloaded app in the tracking space.

Furthermore, Letstrack is expanding its team and to accommodate more employees, it is relocating to a new and bigger space in Gurgaon’s prime location boasting new functional design, high-tech infrastructure, creative workspace, and more meeting rooms.

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Automotive

INRIX: Congestion Costs Each American 97 hours, $1,348 A Year

Vlad Poptamas

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Photo source: inrix.com
Reading Time: 4 minutes

 

INRIX, Inc., the world leader in mobility analytics and connected car services, today published the 2018 Global Traffic Scorecard that identified and ranked congestion and mobility trends in more than 200 cities, across 38 countries. Americans lost an average of 97 hours a year due to congestion, costing them nearly $87 billion in 2018, an average of $1,348 per driver.

In the U.S., the 2018 Global Traffic Scorecard analyzed congestion and the severity of it in the top 60 urban areas. Boston(164 hours lost due to congestion) and Washington D.C. (155 hours) ranked as the most congested two cities in the U.S., over 15 hours per year more than the next most congested cities, Chicago (138 hours) and Seattle (138 hours). While famous for its congestion, Los Angeles’ (ranked fifth in impact; 128 hours lost in 2018) constant gridlock does not have the severity as the other top-ranked cities due to its sprawling geography and massive road network.

Boston drivers lost up to $2,291 per year due to congestion, followed by Washington D.C. ($2,161), Seattle ($1,932), Chicago($1,920) and New York City ($1,859). Wichita, Kan., had the lowest cost of congestion among the U.S. cities studied at $304 per driver.

New York City was also one of the country’s most congested metros, with the ‘last mile’ taking drivers seven minutes. In contrast, Los Angeles (four minutes) has employment across a wider geographic area, preventing severe downtown congestion experienced in more centralized cities.

“Congestion costs Americans billions of dollars each year. It will continue to have serious consequences for national and local economies, businesses and citizens in the years to come,” said Trevor Reed, transportation analyst at INRIX. “If we’re to avoid traffic congestion becoming a further drain on our economy, we must invest in intelligent transportation systems to tackle our mobility challenges.”

Table 1: 10 Most Congested Urban Areas in the U.S.

2018 Impact
Rank (2017)
Urban Area Hours Lost
in
Congestion
(Rank 2018)
Year Over
Year Change
Intercity Last
Mile-Travel
Time
(minutes)
Intercity
Last-Mile
Speed
(MPH)
Cost of
Congestion
(per driver)
Cost of
Congestion
(per city)
1 (1) Boston, MA 164 (1) -10% 6 11 $2,291 $4.1B
2 (2) Washington,
DC
155 (2) -3% 5 11 $2,161 $4.6B
3 (5) Chicago, IL 138 (4) 4% 5 12 $1,920 $6.2B
4 (3) New York
City, NY
133 (5) -4% 7 9 $1,859 $9.5B
5 (4) Los Angeles,
CA
128 (6) 0% 4 14 $1,788 $9.3B
6 (6) Seattle, WA 138 (3) 0% 6 10 $1,932 $2.9B
7 (11) Pittsburgh, PA 127 (7) 5% 5 13 $1,776 $1.2B
8 (7) San
Francisco,
CA
116 (9) -5% 6 10 $1,624 $3.4B
9 (10) Philadelphia,
PA
112 (10) 0% 6 10 $1,568 $3.3B
10 (8) Portland, OR 116 (8) -9% 5 13 $1,625 $1.4B

The Most Congested Corridors in the U.S.

For the fourth year in a row, the Cross Bronx Expressway (I-95) in New York City tops the INRIX list of worst corridors, with drivers wasting a total of 114 hours per year at peak hours in congestion. The list of corridors is dominated by the Top 5 most congested cities in the U.S., accounting for nine of the 10 worst. Surprisingly, Washington D.C., number two in the most congested cities ranking, does not have any corridors that appear on the list. Despite extreme levels of congestion, traffic is diffusely across the region and concentrated to a high degree on major arterials.

Table 2: 10 Most Congested U.S. Roads in 2018

Rank City Road Name From To Daily Delay
(minutes)
Yearly Delay
(hours)
1 New York
City
Cross Bronx
Expressway
Bruckner
Expressway
Trans Manhattan
Expressway
29 114
2 Chicago I-94|I-90 Stevenson
Expressway
I-294 26 102
3 Chicago I-290 (Eisenhower
Expressway)
I-94 I-294 23 93
4 Los Angeles I-10 I-405 I-110 19 74
5 Pittsburgh I-376 I-79 Pennsylvania
Turnpike
18 72
6 Philadelphia I-76 I-476 I-676 13 53
7 Boston I-93 Massachusetts
Ave. Connector
Braintree 13 53
8 New York
City
I-278 Brooklyn
Queens Expressway
Long Island
Expressway
Manhattan
Bridge
13 51
9 Los Angeles I-5 Hollywood I-110 13 50
10 New York
City
I-87 Major Deegan
Expressway
Robert F. Kennedy Bridge Cross Bronx
Expressway
12 49

How U.S. Cities Compare to Top Cities Worldwide

At the global level, Moscow topped the list of the world’s most gridlocked cities (210 hours lost due to congestion) when weighting for population, followed by Istanbul, Bogota, Mexico City and São Paulo. The dominance of Latin American cities should not be a surprise due to their rapid urbanization, high levels of informal settlements, unforgiving topographies and financial volatility. Boston was the only U.S. representative in the top 10 most congested cities in the world.

Table 3: 10 Most Congested Cities in the World in 2018

2018 Impact
Rank (2017)
Urban Area Country Region Hours Lost in
Congestion
(Rank 2018)
Year Over
Year Change
1 (1) Moscow Russia Europe 210 (10 ) -12%
2 (3) Istanbul Turkey Europe 157 (32 ) 6%
3 (2) Bogota Colombia South America 272 (1 ) -5%
4 (4) Mexico City Mexico South America 218 (9 ) 3%
5 (5) São Paulo Brazil South America 154 (39 ) -1%
6 (6) London United Kingdom Europe 227 (6 ) 1%
7 (8) Rio de Janeiro Brazil South America 199 (13 ) 15%
8 (7) Boston, MA United States North America 164 (25 ) -6%
9 (9) Saint Petersburg Russia Europe 200 (12 ) -5%
10 (13) Rome Italy Europe 254 (2 ) 16%

Good data is the first step in tackling congestion. Applying big data to create intelligent transportation systems is key to solving urban mobility problems. INRIX data and analytics on traffic, parking and population movement help city planners and engineers make data-based decisions to prioritize spending in order to maximize benefits and reduce costs now and for the future.

The key findings of the INRIX 2018 Global Traffic Scorecard provide a quantifiable benchmark for governments and cities across the world to measure progress to improve urban mobility and track the impact of spending on smart city initiatives.

Please visit www.inrix.com/scorecard for:

  • Full 2018 Global Traffic Scorecard report, including rankings for the U.S., U.K. and Germany
  • Global infographic
  • Interactive webpage with data and information for more than 200 cities and 38 countries
  • Complete methodology

SOURCE INRIX

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